Suppose the surgeon general writes a report stating that eating oranges

Suppose the surgeon general writes a report stating

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22) Suppose the surgeon general writes a report stating that eating oranges increases cholesterol and there is a massive freeze of the orange crop in Florida. These two events will cause the price of oranges to ______ and the quantity of oranges to _____. A)increase, be unknown.B)decrease, be unknown.C)be unknown., increase.D)be unknown., decrease. 6
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The above figure shows the social marginal benefit (SMB) and the private marginal cost (PMC) for the electricity market. The production of electricity produces a negative externality (e.g., external cost) of $2 per ton. 23) If the market is competitive and unregulated, how much electricity will be produced? 24) What is the efficient quantity of electricity? 25) To achieve the efficient quantity of electricity, the government could do the following? 7
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